Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    222 Park Dr Weirton, WV 26062
    Property profile & analytics

    222 Park Dr, Weirton, WV 26062

    View on Map
    • Lifestyle centers
    • 6,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Havana Nights Wv Cigar Bar & Grill / (Bike/Boat/Book/etc) Store

    Property Details for 222 Park Dr

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Weirton
    County
    Brooke
    State
    West Virginia
    Longitude
    -80.5526
    Latitude
    40.391

    Comparable in this City

    • Value Estimation by Request
      24,000 SF

      Park Dr

      Lifestyle centers
      0 Park Dr, Weirton, WV 26062
      View Details
    • Value Estimation by Request
      11.75 Acres

      412 Penco Rd

      SHOPPING CENTER, STRIP CENTER
      412 Penco Rd, Weirton, WV 26062-3822
      View Details
    • Value Estimation by Request
      1.10 Acres

      241 3rd Spgs Dr

      SHOPPING CENTER, STRIP CENTER
      241 3rd Spgs Dr, Weirton, WV 26062-3865
      View Details
    • Value Estimation by Request
      5.05 Acres

      290 3rd Spgs Dr

      DEPARTMENT STORE
      290 3rd Spgs Dr, Weirton, WV 26062-3815
      View Details
    • Value Estimation by Request
      1,250 SF

      3970 Main St

      Office Spaces
      3970 Main St, Weirton, WV 26062
      View Details
    • Value Estimation by Request
      135,000 SF

      241 Three Springs Dr

      Medical Office Space
      241 Three Springs Dr, Weirton, WV 26062
      View Details

    Similar Nearby for Sale

    • $229,000
      9,600 SF

      Updated Professional Space in Weirton

      Pristine, updated 9600 SF commercial space for sale.
      3236 Main St, Weirton, WV 26062
      View Details
    • Contact for pricing
      1,568 SF

      Weirton Garage with Repair Equipment

      Three-bay garage with equipment near upcoming industrial park.
      300 Pennsylvania Ave, Weirton, WV 26062
      View Details
    • Contact for pricing
      Pending

      Turnkey Dental Office Opportunity

      Fully equipped dental office ready for immediate occupancy.
      332 Penco Rd, Weirton, WV 26062
      View Details
    • Contact for pricing
      0.50 Acres

      Half-Acre Lot in Weirton, WV

      Half-acre lot in Weircrest neighborhood, ideal for building.
      Alta St, Weirton, WV 26062
      View Details
    • $324,900
      24.87 Acres

      Land on Wylie Ridge

      24.87 acres perfect for outdoor enthusiasts or custom home.
      Wylie Ridge Rd, Weirton, WV 26062
      View Details
    • $45,000
      0.21 Acres

      City Lot: Build Your Dream

      City lot in established neighborhood, perfect for building your dream home.
      Greenbrier Rd, Weirton, WV 26062
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,200 SF

      Retail Space Available in Weirton

      Retail property with 5,200 square feet available for lease.
      218 Park Dr, Weirton, WV 26062
      View Details
    • Contact for pricing

      Premier Shopping Center Retail Space

      Retail space available in Weirton's premier shopping center.
      241 Three Springs Dr, Weirton, WV 26062
      View Details
    • $3,000 /Mo
      64,904 SF

      Retail Space on Three Springs

      High-visibility retail space in a thriving Weirton plaza.
      204 Three Springs Dr, Weirton, WV 26062
      View Details
    • $2,500 /Mo
      21,344 SF

      Prime Commercial Space in Weirton

      High-traffic retail space with flexible options and ample parking.
      3539 Main St, Weirton, WV 26062
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Weirton

      6,000 sq ft retail space available for rent.
      222 Park Dr, Weirton, WV 26062
      View Details
    • $1,000 /Mo
      26,193 SF

      Remodeled Office Space on Main

      Prime Weirton office space with high visibility and parking.
      3376 A Main St, Weirton, WV 26062
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    222 Park Dr
    Weirton, WV 26062
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    222 Park Dr, Weirton, WV, 26062
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!